Top Stories

Pharmaceutical CEO Martin Shkreli Arrested for Fraud

Pharmaceutical CEO Martin Shkreli Arrested for Fraud

Martin Shkreli, CEO of Turing Pharmaceuticals, was arrested in New York City on Thursday (December 17) on charges of fraud.

You may remember the 32-year-old founder and businessman from his viral story several months ago. Martin acquired an HIV medication through his company and raised the drug from $13.50 to $750 overnight.

Martin was arrested for securities fraud, and is not related to his crazy drug practices from months ago, but rather from when he was a former hedge fund manager and running another company called Retrophin.

Shkreli was the paradigm faithless servant,” Retrophin’s complaint read (via the New York Times). “Starting sometime in early 2012, and continuing until he left the company, Shkreli used his control over Retrophin to enrich himself and to pay off claims of MSMB investors (who he had defrauded).”

Just Jared on Facebook
Photos: Getty
Posted to: Martin Shkreli

JJ Links Around The Web

Getty
  • Lea Michele shows off her super sexy beach body - TMZ
  • A major Dancing with the Stars pro isn't returning for season 24 - Gossip Cop
  • Dove Cameron celebrates her Galore cover with some of her closest friends - Just Jared Jr
  • George W. Bush's daughter is set to headline a Planned Parenthood charity event - Wetpaint
  • Are Diane Kruger and Norman Reedus dating? - Lainey Gossip
  • Katherine Heigl's CBS drama Doubt has been cancelled - The Hollywood Reporter
  • Sabrina

    Ahahahahaaaa!

  • justno

    Karma is a bitch

  • Jess

    Hahaha! That’s exactly what I was going to post.

  • Gina

    Karma is real.

A Member of Townsquare Entertainment News | Advertise here